U.S. Banks Deploy ’Chokepoint 3.0’—A Covert Crackdown on Crypto and Fintech Innovation

Wall Street’s latest power play? Allegedly weaponizing banking infrastructure to stifle disruptive finance.

Behind the curtain: Multiple sources report U.S. institutions are systematically denying services to crypto firms—while quietly investing in blockchain themselves. The hypocrisy is thicker than a banker’s bonus.

Why it matters: When traditional finance feels threatened, the playbook stays predictable—regulate competitors into oblivion while maintaining monopoly control. The ‘innovate vs. regulate’ dance continues.

The kicker? These same banks will likely launch their own ‘revolutionary’ digital asset products within 18 months—after suffocating the competition first.

Andreessen Horowitz partner Alex Rampell warns U.S. banks are implementing “Chokepoint 3.0,” raising fees, restricting access, and blocking apps to suppress fintech and crypto platforms like Coinbase and Robinhood. Institutions such as JPMorgan are allegedly increasing the cost of money transfers and access to account data, potentially stifling competition and innovation in the crypto sector. Industry leaders call for regulatory action to protect consumer choice.